InvestmentPitch Media Video Discusses ARway’s License of its Augmented Reality Spatial Computing Navigation Platform for Minimum of $500,000 Annually with Plans to Disrupt $50 billion Exhibition Industry

Rhea-AI Summary

ARway (CSE:ARWY) (OTCQB:ARWYF) has announced a groundbreaking partnership with Map D, an event technology company owned by Nextech3D.ai. Under the agreement, Map D will license ARway's spatial computing navigation platform for a minimum of $500,000 annually, with an additional 10% royalty if sales exceed this amount.

This partnership aims to disrupt the $50 billion exhibition industry by integrating ARway's augmented reality indoor navigation system into Map D's event solutions. The collaboration is expected to revolutionize trade show experiences and position both companies at the forefront of event technology innovation.

The global exhibition market is projected to grow at a CAGR of over 3% during 2019-2025, with the US being the largest market. ARway's shares, which began trading in November, are currently priced at $0.67.

Positive

• Secured a minimum $500,000 annual licensing deal with Map D
• Potential for additional 10% royalty on sales exceeding $500,000
• Partnership aims to disrupt the $50 billion exhibition industry
• Integration of ARway's AR navigation system into Map D's event solutions

Negative

• None.

VANCOUVER, British Columbia, July 21, 2023 (GLOBE NEWSWIRE) -- ARway Corporation (CSE:ARWY) (OTCQB:ARWYF) (FSE:E65), the leading provider of an innovative Augmented Reality Experience platform, announced a groundbreaking partnership with Map D, a well-established event technology company. Map D, a 13-year old event technology company wholly owned by Nextech3D.ai. (OTCQX:NEXCF) (CSE:NTAR), specializes in providing innovative solutions that enhance attendee and exhibitor experiences.

 A Media Snippet accompanying this announcement is available by selecting the image or link below:

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company, along with video comments from Evan Gappelberg, CEO. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “ARway” in the search box.

Under Map D’s contract to license ARway’s spatial computing navigation platform, ARway is guaranteed a minimum of $500,000 over 12 months with ARway entitled to an additional 10% royalty should sales exceed $500,000 within any 12-month period.

Through this strategic partnership, Map Dynamics aims to disrupt the trade show industry through the introduction of ARway's cutting-edge augmented reality indoor navigation system. This momentous partnership sets the stage for a new era in the trade show industry, where augmented reality navigation becomes an integral part of the event experience. It is expected the synergy of these two industry leaders will drive innovation, foster growth, and position both companies at the forefront of the evolving event technology landscape.

Michael Candela, Map D's Senior VP, Strategic Markets, stated: "The fusion of Map D's robust interactive mapping technology with ARway's innovative augmented reality capabilities is not just an upgrade; it's a leap forward that promises to revolutionize the navigation, and advertising experiences at events!"

ReportLinker reports that the global exhibition market size is expected to reach over $50 billion, growing at a CAGR of over 3% during the period 2019–2025, with the US region the largest market for exhibitions.

The shares, which began trading in November, are trading at $0.67. For more information, please visit the company’s website www.arway.ai or contact Evan Gappelberg, CEO, at 866-274-8493. For Investor Relations, contact Julia Viola at investor.relations@arway.ai.

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Disclaimer

The information in this InvestmentPitch Media Ltd video is for the viewers information only. ARway has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

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FAQ

What is the value of ARway's licensing deal with Map D?

ARway's licensing deal with Map D guarantees a minimum of $500,000 annually, with an additional 10% royalty if sales exceed $500,000 within any 12-month period.

How does the ARway (ARWYF) and Map D partnership aim to impact the exhibition industry?

The partnership aims to disrupt the $50 billion exhibition industry by integrating ARway's augmented reality indoor navigation system into Map D's event solutions, revolutionizing trade show experiences.

What is the projected growth of the global exhibition market?

The global exhibition market is expected to reach over $50 billion, growing at a CAGR of over 3% during the period 2019-2025.

What is the current trading price of ARway (ARWYF) shares?

As of the press release date, ARway (ARWYF) shares are trading at $0.67.